Micromobility.com Inc. Granted Extension for Continued Listing on Nasdaq
09 Novembre 2023 - 7:00PM
Business Wire
Micromobility.com (Nasdaq: MCOM) a leader in innovative urban
transportation solutions, today announced it has received an
extension from the Nasdaq Hearings Panel to continue its listing on
the Nasdaq Capital Market. This decision is subject to the company
meeting specific compliance criteria within designated
timeframes.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20231109233516/en/
Please visit www.micromobility.com
The Nasdaq Hearings Panel has stipulated that
Micromobility.com Inc. must meet all the continued listing
requirements, including the Bid Price and Market Value of Listed
Securities (MVLS) requirements by the deadline of December 29,
2023.
The CEO of Micromobility.com Inc. expressed
appreciation to Nasdaq for the opportunity to continue executing
the company’s strategic plan, stating, “Our team is fully committed
to addressing the compliance issues identified by Nasdaq and is
actively working towards enhancing our growth trajectory and
maximizing shareholder value.” This positive outcome from the
Nasdaq Hearings Panel reflects the diligent efforts by
Micromobility.com Inc. to align with compliance standards,
underscored by its recent strategic initiatives, including the
acquisition of the e-vehicle subscription service Wheels, and the
expansion into new markets with additional retail outlets. The
company is firmly dedicated to meeting the Panel’s conditions and
is strategically positioned to take further actions to ensure
ongoing compliance and bolster investor confidence.
For further details about micromobility.com and its pioneering
micro-mobility initiatives, please visit www.micromobility.com
About micromobility.com Inc
micromobility.com Inc is a pioneering force in the micromobility
industry, dedicated to creating sustainable and efficient solutions
for urban transportation. With a portfolio of innovative brands
such as Helbiz and Wheels, micromobility.com Inc empowers
individuals to navigate urban environments conveniently and
eco-consciously.
Forward-Looking Statements
Certain statements made in this press release are
"forward-looking statements'' within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements may be identified by the use of
words such as "anticipate", "believe", "expect", "estimate",
"plan", "outlook", and "project" and other similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
reflect the current analysis of existing information and are
subject to various risks and uncertainties. As a result, caution
must be exercised in relying on forward looking statements. Due to
known and unknown risks, actual results may differ materially from
the Company’s expectations or projections. The following factors,
among others, could cause actual results to differ materially from
those described in these forward-looking statements: (i) the
failure to meet projected development and production targets; (ii)
changes in applicable laws or regulations; and (iii) other risks
and uncertainties described herein, as well as those risks and
uncertainties discussed from time to time in other reports and
other public filings with the Securities and Exchange Commission
(the "SEC") by the Company including its Annual Report on Form 10-K
for the fiscal year ended December 31, 2022. The Company’s SEC
filings are available publicly on the SEC’s website at www.sec.gov.
Any forward-looking statement made by us in this press release is
based only on information currently available to the Company and
speaks only as of the date on which it is made. The Company
undertakes no obligation to publicly update any forward-looking
statement, whether written or oral, that may be made from time to
time, whether as a result of new information, future developments
or otherwise, except as required by law.
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For media inquiries: press@micromobility.com
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